Linh Nguyen

MediumDraftingProspect

Schedule CMarried filing jointlyTXMeera KapoorAnnualReturn on file

Est. current income

$228,000

vs $196,000 prior year

Effective rate

20.8%

Marginal bracket

24% ordinary

Dec 31 hard stops

Linh Nguyen

2026 Year-End Planning Summary

Dec 31 stops

~$4K–$9.5K of federal tax addressed (equipment expensing, small Q4 estimate) plus §199A preserved, with payroll/credit setup for the first hire.

Est. income

$228,000

vs $196,000

Effective rate

20.8%

Marginal

24% ordinary

Key changes

flagged

What the plan contributes

Each move as a range, stepping down from the current-path liability.

$47,424

Current path

Expense the equipment under §179 / 100% bonus depreciation
$4,000–$9,000
Small Q4 estimate to reach the safe harbor
$150–$500
First-employee setup — payroll, withholding, and credits
enables the above

Addressed by the plan

2 of 3 quantified · 1 enable the rest without a separate figure

$4,150–$9,500

leaves $37,924–$43,274

1. Current-Year Action Items

Time-sensitive moves before December 31.

2. Long-Term Opportunities

Multi-year planning to revisit beyond this season.

3. Open Questions for the Advisor

Items to resolve before the client conversation.

Entity choice — revisit S-corp election as income grows

As Schedule C net earnings grow, an S-corp election can reduce self-employment tax on the distribution portion, but only once profits comfortably exceed a reasonable salary and justify the payroll and compliance overhead. Worth modeling for next year rather than rushing this year.

OwnerAdvisor

Elan

Grounded on Linh Nguyen

Nothing outstanding for Linh Nguyen right now.

Elan brought this to you

Nothing needs you for Linh Nguyen right now.

Linh Nguyen

Linh Nguyen

What the plan contributes

1. Current-Year Action Items

Expense the equipment under §179 / 100% bonus depreciation

Small Q4 estimate to reach the safe harbor

2. Long-Term Opportunities

First-employee setup — payroll, withholding, and credits

3. Open Questions for the Advisor

Entity choice — revisit S-corp election as income grows

Linh Nguyen

Linh Nguyen

What the plan contributes

1. Current-Year Action Items

Expense the equipment under §179 / 100% bonus depreciation

Small Q4 estimate to reach the safe harbor

2. Long-Term Opportunities

First-employee setup — payroll, withholding, and credits

3. Open Questions for the Advisor

Entity choice — revisit S-corp election as income grows